Shell Asset Management Co. Has $11.49 Million Stock Holdings in Philip Morris International Inc. $PM

Shell Asset Management Co. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 44.0% in the second quarter, Holdings Channel reports. The firm owned 63,082 shares of the company’s stock after purchasing an additional 19,284 shares during the quarter. Shell Asset Management Co.’s holdings in Philip Morris International were worth $11,489,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock valued at $22,320,878,000 after buying an additional 1,189,283 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. Nuveen LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at $1,712,994,000. Goldman Sachs Group Inc. grew its holdings in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

NYSE:PM opened at $153.52 on Tuesday. The company has a market cap of $238.97 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.22 and a beta of 0.46. The stock’s fifty day moving average price is $164.73 and its two-hundred day moving average price is $168.77. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the firm earned $1.59 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is currently 111.79%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PM shares. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Saturday, September 27th. Barclays dropped their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.44.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.